With Fixed Assets of $4 Billion and Current Assets of $1.7

question 93

Multiple Choice

With fixed assets of $4 billion and current assets of $1.7 billion,Realm Company has long-term liabilities of $2 billion and current liabilities of $0.34 billion.What is Realm's current ratio?

• A) 0.85
• B) 2
• C) 2 .44
• D) 5
• E) 11.76

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Definitions:

Voting Rights

The rights of shareholders or members to vote on company or organizational matters, usually at meetings like annual general meetings.

Ledger Accounts

Record books or digital records in accounting that are used to store, organize, and summarize a company's financial transactions, sorted by account.

AASB 10/IFRS 10

Standards dealing with the principles for the preparation and presentation of consolidated financial statements when an entity controls one or more other entities.